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Migrant remittances smash their records

2021-11-17T20:15:31.187Z


More and more, development aid is being privatized, with most transfers now taking place within families.


More than a simple assessment, it is a real phew of relief for the World Bank, which publishes the final 2020 figures and the 2021 forecasts of the remittances that “economic migrants” carry out in favor of their families back home.

With the pandemic and the unprecedented planetary recession since 1945, there was much to fear that the “remittances” - the English term - bore the brunt.

But nothing like this: these flows have held up surprisingly well in 2020, where they reached $ 706 billion in total, against 722 billion in 2019, and they should rebound in 2021 to $ 751 billion, a new record, predicts the World Bank. .

India, first beneficiary

It is primarily interested in transfers to emerging or developing countries whose flows have held up even better (i.e. $ 559, 549 and $ 589 billion respectively in 2019, 2020 and 2021).

For this category of "low and middle income" countries, the issue is crucial: these private transfers

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Source: lefigaro

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